Instrumentation Fittings Market Competitive Outlook of Top Industry Players Till 2025

Although the instrumentation fittings market has been around for quite some time, feeding its stockholders profitably, those players who are catering to the automation demands of the manufacturing and oil and gas industries are gaining an edge over the competition, according to the lead analyst of a recent business intelligence study by Transparency Market Research (TMR).

The TMR report has detected that the vendors landscape of the global instrumentation fittings market is largely consolidated within a small pool of players, such as PARKER HANNIFIN CORP, Circor International, Swagelok Company, AS-Schneider, HAM-LET GROUP, HOKE, ASTEC VALVES & FITTINGS, Bray International, Fujikin of America, Inc., Hy-Lok USA, Inc., World Wide Fittings, Inc., Vesbo Asia Pte Ltd., Allied International S.R.L, and BMT Superlok Asia Pte Ltd.

If the projections of the TMR report are to be believed, the demand in the global instrumentation fittings market will expand at the CAGR of 4.9% during the forecast period of 2017 to 2025. The analysts have evaluated that the global instrumentation fittings market produced opportunities worth US$1,652.2 mn in 2017 and have estimated the valuation of the market to go up to US$2,417.2 mn by the end of 2025. In terms of volume, there was a demand for 123.1 mn units of instrumentation fittings in 2017 and increasing at a CAGR of 3.6% during the said forecast period, the demand volume is anticipated to reach 163.4 mn units.

Request Sample For More Information@ 

https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=39485

Vendors Improving Product Portfolio as per Evolving Requirements

As for the market leaders to maintain their stronghold over the instrumentation fittings market, enhancement of their portfolio with quality products that are cost effective at the same time is expected to be the primary strategy. For instance, HAM-LET Group offers a wide range of let-lock tube fittings with double ferrule, one-lock tube fittings with single ferrule, dielectric fitting, pipe fittings, and flare fittings. On the other hand, PARKER HANNIFIN boasts of its strong and diverse product portfolio including A-lock fittings, CPI fittings, instrument pipe and ISO conversion fittings, phastite, welded fittings, ultraseal fittings, and tube fabricating equipment. All these newly designed products are in accordance to the changing demands of manufacturing industries.

Based on fitting type, the report segments the instrumentation fittings market into tube and pipe. While the tube segment has been further sub-segmented into compression, butt weld, cone and thread, swivel, and push-to-connect, the pipe segment has been further bifurcated into elbow, straight, and tee and cross. The report gauges the demand for instrumentation fittings that can be expected from the end-use industries of oil and gas, manufacturing, food and beverage, power, and chemicals. Geographically, the analysts highlight North America and Asia Pacific as the two regions that are providing for the maximum demand in the global instrumentation fittings market, and will continue to do so until 2025. However, the demand from Asia Pacific is primed for a stronger CAGR than that of North America.

Government Regulations to Ensure Safety at Production Units Driving Demand

Rapid infrastructural development in several emerging economies, stringent government regulations for the manufacturing companies to ensure safety at production facilities, prosperity of the electronics and construction industries, and increased oil and gas exploration activities in quite a few countries are some of the key factors driving the demand in the global instrumentation fittings market. The analysts of the report also expects growing adoption of automation methods for improved efficiency across various consumer product manufacturers to open new opportunities in this market during the forecast period.

Read Latest Press Release Here@ https://www.prnewswire.com/news-releases/increasing-construction-activities-in-asia-pacific-to-help-construction-camera-time-lapse-camera-market-to-reach-valuation-worth-us470-mn-by-2030-end-finds-tmr-301060686.html

Key Takeaways:

• A small pool of players lead at the International level, although domestic players are eating considerable chunk of shares too in the global instrumentation fittings market.
• In terms of volume, the demand for instrumentation fittings to increase at a CAGR of 3.9% during the forecast period of 2017 to 2025.
• North America and Asia Pacific constitute for the maximum portion of the total demand.

Read More

Last Mile Delivery Transportation Market Research & Statistics, Key Players and Detailed Regional Overview

According to the report, the global last mile delivery transportation market is projected to reach ~US$ 400 Bn by 2030, expanding at a CAGR of ~3% during the forecast period. Rise in trade and more distance between manufacturing units and end users is likely to boost the market for transportation during the forecast period. In developing and major emerging economies, transportation of products and goods by means of roadways plays an integral role. Moreover, this mode of transport is cost-effective for door-to-door service, owing to improved road infrastructure. This is anticipated to propel the last mile delivery transportation market during the forecast period.

Increase in industrialization and preference toward e-tailing is estimated to boost the last mile delivery transportation market. Online shopping is witnessing significant expansion, owing to an increase in speedy Internet access, which has led to a rise in preference toward e-tailing among consumers. Furthermore, convenience of shopping from home is projected to boost e-Commerce and consequently, drive the last mile delivery transportation market during the forecast period.

Expansion of Last Mile Delivery Transportation Market

A surge in trade volume, owing to rising bilateral trade among countries is projected to boost the last mile delivery transportation market during the forecast period. China witnessed a surge in both general trade volume and proportion, escalating to 15.66 Trn Yuan. China trade volume accounted for 56.4% of total foreign trade. Major trading partners of China are the U.S., the European Union, and ASEAN.

Request Sample For More Information@ 

https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=77271

Exports of China to the U.S. further rose by 15.2% year-on-year. Based on cargo type, the global last mile delivery transportation market has been segmented into dry goods, liquid goods, and postal goods. Dry goods and liquid goods are likely to be highly lucrative segments during the forecast period. This is primarily due to the rise in trade volume from one region to another. Rise in volume of imports of industry and manufacturing raw materials and export and import of food and pharmaceuticals.

In terms of end user, the FMCG segment dominated the market, as increase in volume of transport of liquid goods, including oil & gas over the years has been enhancing the demand for freight trucks. Moreover, rise in export of oil and diesel over the years is anticipated to boost the last mile delivery transportation market, as the demand for quality goods and services has been rising in rural areas, owing to improved distribution channels of FMCG companies.

Regional Analysis of Global Last Mile Delivery Transportation Market

In terms of region, the global last mile delivery transportation market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific dominated the global last mile delivery transportation market in 2019. It is anticipated to hold a leading share during the forecast period, due to high volume of freight transport in China & ASEAN. Improvement of road & transport network and cross-country trade over the years is likely to boost the last mile delivery transportation market in the region.

Read Latest Press Release Here@ https://www.prnewswire.com/news-releases/increasing-construction-activities-in-asia-pacific-to-help-construction-camera-time-lapse-camera-market-to-reach-valuation-worth-us470-mn-by-2030-end-finds-tmr-301060686.html

Prominent players operating in the global last mile delivery transportation market include Cargo Carriers Limited, CJ Logistics Corporation, CEVA Logistics, Concargo Private Ltd, DB SCHENKER, Interlogix Pty Ltd., DHL Paket GmbH, Estes Express Lines, FedEx Corporation, Kuehne + Nagel, Nippon Express Co., Ltd., J&J Global Limited, KART, SNCF Geodis, Swift Transportation, TNT Holding B.V., Procet Freight, Tuma Transport, Yamato Holdings Co., Ltd., and United Parcel Service Inc.

Read More

Winter Tire Market Analysis, Statistics, Regional and Global Industry Forecast To 2026

Transparency Market Research (TMR) witnesses that the global winter tire market has a significantly competitive vendor landscape owing to the dominance of few players. Bridgestone Corporation, Continental AG, Nokian Tyres plc, Nexen Tire Corporation, The Goodyear Tire & Rubber Company, Sumitomo Rubber Industries, Ltd., Pirelli & C.S.p.A., The Yokohoma Rubber Co., Ltd., and Hangzhou Zhongce Rubber Co., Ltd. are some of the key players in the global winter tire market.

According to TMR, the global winter tire market is projected to collect revenue of US$ 28 Bn by 2026-ened in terms of revenue. The market is expected to swell with a CAGR of 3% over the forecast period from 2019 to 2027.

Based on tire type, the non-studded tire segment is likely to dominate the market by expanding at a prominent growth rate over the forecast period. Based on the vehicle type, the passenger vehicle segment held lion’s share in the winter tire market and is predicted to continue its dominance in the market over the forecast period. Based on the region, Europe is expected to stand at a significant market for winter tires followed by Russia and North America. This is attributable to the presence of stringent government norms and harsh winters in Europe.

Request a Sample of Winter Tire Market –https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=45300

Rising Importance of Driving Safety Propels Market Growth

Rising interest for driving security is boosting the interest for winter tires. Summer or all-season tires become solid at low temperatures and subsequently, lose footing. Vehicles outfitted with winter tires are said to stop at a 30% shorter separation than a vehicle furnished with all-season or summer tires. Winter tires empower better braking and vehicle moving in virus atmospheres and consequently, an expanding number of shoppers are embracing winter tires.

Stringent winter tire guidelines sanctioned in Europe and Russia is an essential driver of the winter tire market in Europe and Russia. Winter tires are compulsory in a few nations in Europe, for example, Austria, the Czech Republic, Estonia, and Latvia. In 1999, the winter law was passed in Sweden and crash rates were analyzed for post-enactment period and pre-enactment period. A decrease in crash by 11% to 14% was watched.

Rising Harshness of Winters in These Countries to Boost Market Growth

Serious winter experienced in the Nordic sub-district and Central Europe is driving the winter tire market in Europe. Rising vehicle deals in nations in the Nordic sub-district and Central Europe is boosting the interest for winter tires in these sub-areas. Rising shopper reasonableness is additionally a noteworthy driver of the winter tire market. Winter tires, basically, should be fitted to vehicles when temperatures fall beneath 7 °C, as the elastic tracks lose adaptability and footing regardless of snow conditions.

Rising purchaser mindfulness and interest for security is relied upon to support the interest for winter tires in nations encountering low temperatures, however no snowing, in this way boosting the winter tire market. North America is a worthwhile market for winter tires because of overwhelming snowing in Canada and northern conditions of the U.S. High number of light business vehicles and traveler vehicles on-street is further boosting the winter tire market in the area.

Read Latest Press Release Here@ https://www.prnewswire.com/news-releases/structural-health-monitoring-market-to-hit-us4-09-mn-by-2025-soaring-constructional-activity-to-boost-growth-says-tmr-300800271.html

Ascend in purchaser pattern for energetic appearance of vehicle and high freedom vehicles is energizing the interest for winter tires in the 18-inch to 21-inch fragment. Tires with higher edge sizes give better cornering solidness and mobility and henceforth, are seeing extreme interest.

This information is encompassed in the report by TMR, titled, “Winter Tire Market (Tire Type – Studded, Non-studded; Rim Size – 12’’-17’’, 18’’-21’’, >22’’; Vehicle Type – Passenger Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026.”

Read More

Microcars Market 2020-2030 Growth Analysis, Key Solutions, Services, Regional Demand and Top Players Overview

According to the report, the global Microcars market is projected to reach ~US$ 12.7 Bn by 2030, expanding at a CAGR of ~15% during the forecast period. Growing environmental concerns, increasing fuel prices, and traffic congestion globally have laid emphasis on improving transportation facilities. Thus, vehicle manufacturers are focusing on the development of comfortable, affordable, and fuel-efficient small vehicles. This is likely to boost the microcars market during the forecast period.

Rapid increase in vehicle penetration in developing countries and rise in investment in research & development activities are key factors that are estimated to drive the global microcars market during the forecast period. The microcars market is likely to perform well soon due to the rise in the demand for hybrid cars in Asia Pacific, owing to their affordability as well as low maintenance, along with the decrease in the micro electric vehicle’s battery cost, which is likely to propel microcars market in Asia Pacific.

Rise in government initiatives for the development of microcars as well as vehicle manufacturers are integrating advance technology, including advance drive assist (ADAS) and connected vehicle, which is likely to enhance the microcars market across the globe. Moreover, in the U.K., the government offers several tax benefits to people who use microcars. Increase in smart car culture among the young population, rise in export opportunities for microcar manufacturers, and a surge in disposable income are anticipated to boost the microcars market across the globe.

Request Sample For More Information@ 

https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=32126

Expansion of Microcars Market

The surge in trade volume, owing to rising bilateral trade among countries is projected to boost the microcars market during the forecast period. China witnessed a surge in both general trade volume and proportion, rising to 15.66 trillion Yuan. China trade volume accounted for 56.4% of total foreign trade. Major trading partners of China are the U.S., the European Union, and ASEAN. Exports of China to the U.S. further rose by 15.2% year-on-year. Based on drive, the global microcars market has been segmented into 2WD/1WD and AWD. AWD is likely to be highly lucrative segment during the forecast period.

This is primarily due to the rise in use of sports utility vehicles and increased need for stability and control of vehicle. Legislation regarding AWD in vehicles across developed countries, including the U.S., China, and Japan, is likely to boost the microcars market. In terms of fuel type, the electric segment dominated the market, as an increase in the demand for electric vehicles due to enactment of emission regulations is driving the demand for microcars.

Moreover, major vehicle manufacturers are likely to shut down the production of diesel engines due to the enactment of stringent rules and regulation regarding emission, which is estimated to boost the demand for electric microcars. This, in turn, is anticipated to boost the microcars market across the globe.

Read Latest Press Release Here@ https://www.prnewswire.com/news-releases/increasing-construction-activities-in-asia-pacific-to-help-construction-camera-time-lapse-camera-market-to-reach-valuation-worth-us470-mn-by-2030-end-finds-tmr-301060686.html

Regional Analysis of Microcars Market

In terms of region, the global microcars market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific dominated the global microcars market in 2019. It is anticipated to hold a leading share during the forecast period due to the rise in sales and production of vehicles in China and ASEAN.

Thus, rise in demand for electric vehicles across the Asia Pacific is anticipated to further boost the microcars market in the region. Prominent players operating in the global microcars market include BMW AG., Mazda Motor Corporation, Daihatsu Motor Co., Ltd. , Daimler AG, Group PSA., Honda Motor Company, LIGIER Group., Mahindra & Mahindra, Tata Motors, Toyota Motor Corporation, Groupe Renault SA, Daihatsu Motor Co. Ltd., Piaggio & C. Spa, Subaru, and Suzuki Motor Corporation.

Read More

Wireless Stereo Headphone Market: Competitive Dynamics & Global Outlook 2020-2026

Transparency Market Research’s latest forecast study projects that these companies will spearhead the global production of wireless stereo headphones during the forecast period, 2017-2026. The report estimates that by the end of 2026, over 237 thousand units of wireless stereo headphones are expected to be sold across the globe. The report further projects that the global wireless stereo headphone market will expand robustly at an estimated volume CAGR of 7.6% during the forecast period.

The trend of cord-free mobility continues to influence the consumer electronics marketplace to a considerable extent. Gadgets such as stereo headphones are becoming essential products in consumer lifestyles, and their daily and frequent usage has propelled the intervention of wireless technologies. New wireless stereo headphones are becoming attractive among tech-savvy consumers. Headphone manufacturers around the globe are capitalizing on the growing popularity of wireless operability.

Companies namely, Sivantos Pte. Ltd., Sonova Holding AG, Cochlear, MED-EL, Beltone, Miracle Hearing Aid Clinic, Persona, Shenzhen Sunsky Technology, Siemens Healthcare, Starkey Hearing Aids, Union Hearing Aid Centre, Eartone, GN ReSound, Medtechnica Orthophone, William Demant Holding A/S, GN Store Nord A/S and Widex A/S are categorically extending their presence in the global wireless stereo headphone market. These manufacturers are being observed as the key stakeholders in the global wireless stereo headphone market, and are expected to cater to the rising global demand in the near future.

Request Sample For More Information@ 

https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=39935

In 2018 and beyond, a majority of wireless stereo headphone manufacturers will be focusing on catering to the droid consumer base. High penetration of Android user operating systems over iOS will continue to influence the global wireless stereo headphone manufacturing landscape. While Android-based wireless stereo headphone cost cheaper than their iOS counterparts, the profit margins are lucrative as there is a certain scope for more volumes of headphones being sold. By the end of 2026, more than 190 thousand units of wireless stereo headphones are expected to be sold across the globe.

North America’s Multi-Brand Stores to Register Highest Distribution

The report projects that multi-branded stores are the largest distributor channel in the global wireless stereo headphone market. In 2017, nearly 45 thousand units of wireless stereo headphones were distributed globally through multi-brand stores. In the near future, online distribution of wireless stereo headphones is also expected to pick up pace and register the highest volume CAGR of 8.6% over the forecast period.

The report findings further indicate that North America will remain the most lucrative marketplace for wireless stereo headphone through 2026. By the end of the forecast period, more than 97 thousand units of wireless stereo headphones are expected to be sold in the US and Canada. The report also estimates that multi-brand stores in the US will be among the key distributors in North America’s wireless stereo headphone market.

Read Latest Press Release Here@ https://www.prnewswire.com/news-releases/increasing-construction-activities-in-asia-pacific-to-help-construction-camera-time-lapse-camera-market-to-reach-valuation-worth-us470-mn-by-2030-end-finds-tmr-301060686.html

The report also projects that several market players will be eyeing at expanding their manufacturing bases in the Asia-Pacific excluding Japan (APEJ) region. High presence of skilled labor and access to affordable raw materials will continue to drive the expansion of wireless stereo headphone market in the APEJ region. By the end of 2026, more than 30 thousand units of wireless stereo headphones are expected to be sold across the APEJ region.

Read More

Cannabis Vaporizers Market Demand, Top Companies, Innovative Technologies, Segmental Outlook and Industry Insights 2030

Transparency Market Research delivers key insights on the global cannabis vaporizers market. In terms of revenue, the global cannabis vaporizers market is estimated to expand at a growth rate of ~17% during the forecasted timeline, owing to numerous factors regarding which TMR offers thorough insights and forecasts in the global cannabis vaporizers market report.

In the report, TMR predicts that the global cannabis vaporizers market would be largely driven by factors such as usage of cannabis and cannabis extracts such as cannabis and wax in various parts of the globe. Increase in trend of using vapes is projected to boost demand for cannabis vaporizers in the near future.

According to the cannabis vaporizers market research report, based on type, the market includes portable/handheld, and desktop cannabis vaporizers. Portable or handheld cannabis vaporizers are anticipated to dominate the global cannabis vaporizers market. In terms of ingredients, dry herbs accounted for ~64% market share in the year 2019, as dry herb is cheaper in terms of price as compared to other cannabis extracts. Based on heating method, conduction vaporizers are considered as the preferred choice of consumers in recent years. This segment dominated the market in the year 2019.

In terms of usage, the use of cannabis vaporizers for recreational purposes accounts for largest market share and is expected to maintain its dominance in the near future due to rapid increase in popularity of cannabis vaporizers, especially among teenagers and youngsters. On the basis of distribution channel, online mode of distribution held over 55% of the market share in terms of value in the year 2019. The online mode of distribution is projected to expand rapidly during the forecast period.

Request Sample For More Information@ 

https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=76945

Cannabis Vaporizers Market: Drivers, Opportunities, and Restraints

The major driving factor for the cannabis vaporizers market are legalization of cannabis in several countries and rise in usage of cannabis for medicinal purposes. From 2018 onward, Canada legalized the usage of cannabis for recreational purposes. Uruguay is the second country to legalize usage of cannabis. Rise in advancement in terms of technology and launch of innovative cannabis vaporizers in the market is anticipated to create new business opportunities for manufacturers and distributors of cannabis vaporizers in the near future.

Strict rules and regulations imposed by federal governments of different countries regarding usage of cannabis and cannabis extracts are projected to be a restraint for the cannabis vaporizers market. Cannabis is considered illegal in several countries across the globe which includes Albania, Bahrain, Bahamas, Central African Republic, Indonesia, Hong Kong, and Hungary. Also, many other countries have only legalized the usage of cannabis for medical purposes but not for recreational purposes. These are considered as the restraining factors for the overall growth of the market.

Cannabis Vaporizers Market: Prominent Regions

At present, North America dominates the global cannabis vaporizers market followed by Europe. Europe is projected to be an emerging market and anticipated to expand at a significant growth rate during the forecast period. In most European countries, usage of cannabis is considered legal for medical purpose. In the U.K., Germany, Georgia, Ireland, Italy, and the Netherlands, etc. usage of cannabis vaporizers are projected to rise in a significant manner in the near future. Georgia is one of the rare countries in Europe were usage of cannabis is legalized for recreational purposes as well. Several European nations have already implemented the policy of decriminalization and some of the countries are planning to implement in the near future.

Read Latest Press Release Here@ https://www.prnewswire.com/news-releases/increasing-construction-activities-in-asia-pacific-to-help-construction-camera-time-lapse-camera-market-to-reach-valuation-worth-us470-mn-by-2030-end-finds-tmr-301060686.html

In Middle & Africa, demand for cannabis vaporizers is low compared to other regions, since most of the countries, especially GCC countries have strictly prohibited the usage of cannabis, cannabis extracts, and other related products. These factors have impacted the growth of the cannabis vaporizers market in Middle East & Africa.

Cannabis Vaporizers Market: Key Players

Key players operating in the global cannabis vaporizers market include PAX Labs, Inc, STORZ & BICKEL GmbH & Co. KG, Arizer, Apollo Vaporizers Inc., KandyPens, Inc., SLANG Worldwide Inc., DaVinci, Ghost Herbal Concepts Ltd., Grenco Science, and Boundless Technology LLC.

Read More

Portable Fire Extinguisher Market Company Overview, Growth Development and Forecast By 2027

A new market report published by Transparency Market Research titled, ‘Portable Fire Extinguisher Market [Agent Type: Chemical & Powder Based, Water & Foam Based, CO2 Based, Metal Based, and Others; Fire Type: Class A, B and C, Class A and A&B, Class B&C or B, Class D, and Others; End-user: Residential, Commercial & Industrial, and Others; Distribution Channel: Online and Offline] – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027.

• The global portable fire extinguisher market is expected to reach a value of around US$ 73,000 Mn by 2027, expanding at a CAGR of nearly 4% from 2019 to 2027.
• In terms of volume, the global portable fire extinguisher market is expected to reach nearly 270,000.0‘000 units by 2027, expanding at a CAGR of nearly 4% during the forecast period.
• Across the world, sustained government initiatives are increasing awareness about the benefits of portable fire extinguishers among the general public. Portable fire extinguishers are almost mandatory in commercial buildings across the world.
• The Asia Pacific portable fire extinguisher market is a prominent market, followed by North America and Europe.

Request a Sample –https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=67220

Global Portable Fire Extinguisher Market – Driving Factors

• Rise in both, commercial and residential construction, is increasing the demand for fire extinguishers, which subsequently is increasing the demand for portable fire extinguishers.
• In various countries across the world, the installation of portable fire extinguishers is mandatory as per government regulations. Increase in commercial establishments, factories, manufacturing plants, warehouses, etc., are increasing the demand for commercial & industrial portable fire extinguishers.
• Morita Group is a portable fire extinguisher manufacturer based in Japan. As per its investor presentation dated May 9, 2019, the demand for portable fire extinguishers is expected to rise, as the installation of fire extinguishers becomes mandatory in small-scale restaurants in Japan.
• In various countries, transportation vehicles carrying inflammable and hazardous substances are mandated to carry portable fire extinguishers as per law.
• As per the Health and Safety Executive (HSE) of the U.K. Government as per ADR regulations, vehicles weighing 3.5 tons need to carry a minimum portable dry powder fire extinguisher of 2 kg and additional 2 kg. Vehicles weighing between 3.5 tons and 7.5 tons need to carry an 8 kg dry powder portable fire extinguisher. Vehicles weighing over 7.5 tons need to carry a portable fire extinguisher of total 12 kg. The rise in the number of transportation vehicles across the world is increasing the demand for portable fire extinguishers.

Global Portable Fire Extinguisher Market – Key Challenges

• A portable fire extinguisher, when used even partially, is useless for all subsequent fire scenarios.
• These fire extinguishers need to be refilled after use.

Read Latest Press Release Here@ https://www.prnewswire.com/news-releases/increasing-construction-activities-in-asia-pacific-to-help-construction-camera-time-lapse-camera-market-to-reach-valuation-worth-us470-mn-by-2030-end-finds-tmr-301060686.html

• Generally, there is a law in major countries across the world to check the quality of a portable fire extinguisher if it is unused for a period of time. If it is found that the portable fire extinguisher is unfit for future use, it must be refilled.
• All these factors restrict the penetration and growth of fire extinguishers in the global market.

Global Portable Fire Extinguisher – Market Preference

• In terms of agent types, portable fire extinguishers using chemical & powder agents are the most widely used, and hold a prominent share. Dry chemical portable fire extinguishers are one of the most widely used.
• In terms of fire type, fire extinguishers of Class A, B, and C (that are effective against fire types A, B, and C) are the most widely used and hold a large market share.
• North America is the second-largest portable fire extinguisher market, both, in terms of value and volume.
• As per the U.S. Fire Administration (USFA), the number of fires in the U.S. were 1,319,500 in 2017.
• The number of fire related deaths in the U.S. increased from 3,320 in 2008 to 3,400 in 2017, an increase of 9.6%. In the U.S., economic loss due to fire increased from US$ 17.6 billion in 2008 to US$ 23.0 billion in 2017, an increase of 12.0%.
• From these facts, it is evident that, the demand for portable fire extinguishers is increasing in the U.S., and is expected to increase in the future too. Canada is the second-largest portable fire extinguisher market in North America.
• Europe is the third-largest market for portable fire extinguishers, both, in terms of value and volume.

Read More